Over Rs 12,000 cr business recorded through GeM in 2 years

Speed Post News Network

New Delhi : In two years of its operations, Government e Marketplace (GeM) has recorded till date more than 8 lakh transactions worth over Rs 12,239 crore. The GeM has established itself as an open, transparent, efficient and inclusive platform providing huge savings to the Government. GeM has nearly 27.9 thousand buyer organisations registered and about 1.43 lakh sellers and service providers offering more than 4.86 lakh products and services for online purchase. GeM contributes to approximately 20-25% average overall savings to the Government.

Government e Marketplace is the National Public Procurement Portal offering an online, end-to-end solution for procurement of common use goods and services by government departments. It is used by Central and State Government Ministries and Departments, Central and State Public Sector Undertakings (CPSUs & SPSUs), autonomous institutions and local bodies.

The National Mission on Government e Marketplace (GeM) was launched by the Minister of Commerce and Industry, Suresh Prabhu, on September 5, 2018. This was followed by the launch of the Mission in 19 States and Union Territories, according to a PIB release.

The Government of India decided to launch a six week long National Mission on GeM from September 6 to October 17, 2018, to increase awareness, accelerate the use of GeM and to further augment the proven benefits of procurement through GeM for all government departments and organisations.

It covers all central government departments, states and public sector undertakings in a mission mode by organising workshops, roadshow, trainings, events and other information, education and communication activities, including buyer and seller registration.

During the awareness period, a buyer registration drive has been launched for on-boarding and increasing procurement by Central, State and local agencies on GeM. A vendor registration drive has also been initiated for on-boarding additional categories and populating the available ones on GeM with more vendors.